Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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If that is the case it’s mighty embarrrasing at he still shows face
Hamm BP sold at 3p he bought at 9p then more at 7p then sold up coz he got impatient
Ibiza just converted it in to dollars 👍
BP bought initially at 9p added later to average down to 7p but sold out by 75% loss.
He should either move on or buy back now before it is too late. It is amazingly good value to get in. It is just 5p for God's sake. Unbelievable price. No need to be upset. No offence. We sometimes get it wrong which is ok but now it is just an amazing opportunity which should not be missed. LP is secured now which a big deal.
Soon H1 in operation and H2,3 etc drilling with QDE etc. V1 follows V2, then renewable etc. It should be and would be all good news one after another.
I think you will find it is dollars but still a lot of money in the bank and more to come from the drilling and we do not know yet what else there maybe from renewables or PM Energy
Iamrich best filter, I don’t mind constructive obviously paid to irritate.
Mister positive
£9 million in the bank makes it even more unbelievable that the sp stands at 4.9 with the land permit attained and near term heron 1 to come on line.
Patience will be rewarded imho gla
BP you have no credibility on this board whatsoever. Bring nothing to this board whatsoever, good debate most of the times but you are a narcissist waste of space - paid deramper
Badprofit, you are one sad lonely loser that can't see others happy or doing well you have to go into lieing and spouting rubbish all day everyday
Do you have a life ? Any family or friends ? Bet not your so sad and irritating
Badprophet
You were actively spouting fund raise all day yesterday diverting conversations in that direction leaving some folks confused, some probably even bailed out is my guess.
Here is cash breakdown:
As at 31 Dec 2022 = $5.1 million
Feb 2023 fundraise = $6.6 million
Total cash $11.7m
V1 drill costs around $1.7m plus small cost for the 2 week workover to get Heron-1 online.
So there is plenty cash in Bank till 2024
Heron-1 will soon be flowing
MATD have agreed to pay DQE from Oil revenues
You only pick on positive posters but never back up your reasoning with any research or figures ever. Your "modus operandi" is one liners.
For balance, one has to put forward their arguments backed up with some figures or solid reference to media or Company presentations as your source. You do NONE of that.
E.g. i might not agree with Doc83 all the time but atleast he gives some reasoning for his opinion which can then be countered or discussed.
I figured you out long time ago. You trade in and out of MATD but keep same negative rhetoric buying the dip and back to yourself after bailing out. Profitable strategy i must say. That is why you say you not invested coz you in and out regularly without holding stock overnight.
If I predict something is "imminent", "any day now", "next week" several times a day for months & it finally happens does that make me an oracle. NO it's just an old con trick.
Hypocrite is very generous of you, my name began with a c and ended with a t.
WOS amazing hey BP when someone questions his comments re placing, he says he has his opinions and in other words you do not question.
What happens when you post your opinions - he is soon on your back.
Bloke is an absolute hypocrite
WOS - you know nothing about me & possibly even less about PetroMatad!
Think mr D1nger did point out
Toson Uul Basin have 2 BILLION Proven & in place in Petro China block. Petro Matad extension into block is 30% bigger ;)
Yes mr Bad Prophet you post ALMOST 40 TIMES yesterday on share you do NOT EVEN OWN lol!!!
Very busy man yesterday on forum ;)
Misterpositive
Looking at those figures and seeing where our market cap stands today £54 million, it’s mind blowing what the sp could be in the future 🤩
Makes me more confused that we ain’t higher after the lp news 🤔
/ few here spreading false information on Fund raise//
Not "false information" not even just "information". We each have our own opinions & I happen to be of the opinion that there will be a further fund raise this year. Other opinions are available (accurate/reliable information often is not!).
NPV10 for 50MMBO recoverable Block XX is a stunning US$ +312 Million (at $60 oil price).
Peak production expected approx. 16,000 BOPD
NPV10 @ $60 OIL US$ 312 MILLION
NPV10 @ $70 OIL US$ 364 MILLION
NPV10 for 200MMBO recoverable in Block V is mouth watering US$ 1.72 Billion.
Velociraptor-1 is targeting 200MMBO recoverable.
Above is an extract of a slide from Company Presentation to investors few years back before HERON discovery.
Friday drop was a combination of traders taking profits which was expected and few here spreading false information on Fund raise !!! Which increased the drop further in afternoon.
We just raised recently and got plenty till July 24.
Oil sales from Heron-1 should raise plenty cash going forward to self fund multiple wells at Heron via DQE deal. I believe we looking at 14 wells. Could be more as surrounding prospects around HERON oil field also come online going forward.
We need to keep Block XX and Block V separate which is very important to understand valuation for HERON which will start Oil production soon.
Reason for drop? Very obvious I think but this is my opinion.
- Share price go up +45% on day market drop to lowest in year. Some money did stay out of market
- Bigger reason I think. People WANT share but gamble on V1 as duster so can pick up cheaper.
Think if people estimate multiple rise which Land Access did open up just with Block XX then can see big danger of this strategy.
If you already HOLD you still make multiple ROI. If you do NOT HOLD then danger of lock out from V1 oil show or hard rebound with buyer who come back in quickly.
Funny thing if no V1 drill then think price would be MUCH HIGHER lol.
Happy with my holding :)
Spud was the 13th June so this Thursday the 13th July is 30 days.
Going to be an interesting end to the month.
We ain’t drilling fresh air hopefully and the data will show something should there.
Oil shows and we should see a very good rise even though the fundamentals massively changed with the land permit RNs.
Massive rewards here short med/long term, ups & downs a long the way , just going to hold and let it play out gla and have a good weekend 👍
Gross sales/ revenue
That was just giving us some ideas.
If you consider half as profit which would be $1.5b.
What if the oil price goes up again!
Or
We have 10 Herons!
Or
V1,V2 hit oil!
Renewable etc etc.
What I was trying to say is that the current MC doesn't represent the real value of MATD.
Guys hold to your shares now that we LP secured. Rerate is on the way.
Enjoy your weekend.
Best,
Hamm
To calculate the P&L impact of H1 production and export to a refinery in NW China, we need to know the price of Russian crude delivered to NW China with which h Heron crude will have to be competitive, then deduct the trucking cost and a facilitation fee to PetroChina, then the impact of the PSC terms, specifically the 5% royalty and the Governments initial 40% production share.
I’m sure one of the more erudite members on here worked out we’ll get less than half the proceeds?